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OPEC's weak premise for sticking with production cuts category
May 3, 2018
Source: World Oil

OPEC's weak premise for sticking with production cuts

Despite achieving the objective of rebalancing world oil markets, OPEC and Russia seem quite determined to continue with production cuts. However, the primary reason for this seems to be unsteady, a new priority- to encourage firms to invest more in future supply. Some analysts view this as a pretext for prolonged strategy that keeps oil prices as high as possible.

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